Oracle 1Z0-1065-21 Online Practice Questions and Exam Preparation

Oracle 1Z0-1065-21 Online Questions & Answers

• Question 101:

  While creating a Contract Purchase Agreement, a buyer tries to add a Contract Template to it, but the List of Values (VOL) is empty. Identify three applicable reasons for this issue.

  A. The Contract Template is in `Approved' status.
  B. The document type associated with the Contract Template is `Purchase Order'.
  C. The document type associated with the Contract Template is `Contract Purchase Agreement'.
  D. The Contract Template is not `Approved'.
  E. The document type associated with the Contract Template is `Blanket Purchase Agreement'.
  A. The Contract Template is in `Approved' status.
  B. The document type associated with the Contract Template is `Purchase Order'.
  C. The document type associated with the Contract Template is `Contract Purchase Agreement'.

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  Explanation/Reference:

  Reference: http://docs.oracle.com/cd/E37017_01/doc.1115/e22658/F424214AN124DD.htm

• Question 102:

  During an implementation, the super user is requesting you to explain how to set up "risks" to be used in the Procurement Contracts by all users. You are in the middle of the year and currently there are few "risks" that are already defined and

  the organization is planning to introduce new "risks" from New Year's Day.

  Identify the two steps the user should follow to fulfill this requirement.

  A. Wait until year end, inactivate the old risks data on year end, and create and activate new risks from the same day.
  B. Provide an end date as year end for the old risk data,create new risks now, and provide New year's Day as start date.
  C. Create new risks now, enable those at year end, and disable the old data on year end.
  D. The user needs to delete old risks and create new risks around the year end.
  A. Wait until year end, inactivate the old risks data on year end, and create and activate new risks from the same day.
  B. Provide an end date as year end for the old risk data,create new risks now, and provide New year's Day as start date.

• Question 103:

  Your customer has several Procurement centers across the world. During implementation, the customer wants to implement the same payment terms policy for all the Business units. Identify the correct approach to fulfill this customer requirement in the application using Functional Setup Manager.

  A. Define same payment terms across all Business Units
  B. Define `Payment Terms' and assign those to one reference object. Then assign that reference object to all Business Units for reference object `Payment Terms'
  C. Use `Common' reference object for all Business Units
  D. Define Payment Terms in each business unit and assign those to different reference objects specific to those Business Units?
  B. Define `Payment Terms' and assign those to one reference object. Then assign that reference object to all Business Units for reference object `Payment Terms'

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  Explanation/Reference:

• Question 104:

  Identify four actions that the Manage Requisition Approval task enables you to perform.

  A. enable or disable a participant
  B. define rule actions by using Supervisory Hierarchy or Position Hierarchy
  C. create rules by using simple or nested conditions
  D. register an internal and external Supplier
  E. maintain user-defined attributes and use these attributes with rules
  A. enable or disable a participant
  B. define rule actions by using Supervisory Hierarchy or Position Hierarchy
  C. create rules by using simple or nested conditions
  E. maintain user-defined attributes and use these attributes with rules

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  Explanation/Reference:

  The new Manage Requisition Approval task provides a simple and user-friendly interface for approval rules management. This task allows you to:

  Enable or disable a participant.

  Create rules using simple or nested conditions. Condition attributes displayed in this interface are consistent with the attribute names displayed in the application. Attribute values can be chosen from a List of Values or a Choicelist, when

  applicable.

  Define rule actions that:

  Use Supervisory Hierarchy, Job Level, Position Hierarchy, Approval Group, Single User, or Custom routings.

  Require approvals, automatically approve, or send information notifications.

  Mark a rule active or inactive.

  Maintain user-defined attributes and use these attributes across rules. o Currency based attributes are used to setup conversions of amount or price type attributes to a specific currency used in rule evaluations.

  Custom attributes are used to achieve complex approval requirements and custom approval lists and map to the Procurement Custom Function output.

  Summation attributes support the aggregation of data across lines or distributions based on a set of filters. The filters can be set up using requisition attributes or based on roll-ups in the Procurement Category Hierarchy, Cost Center,

  Balancing Segment, Management Segment, or Natural Account hierarchies

• Question 105:

  In which Functional setup Manager task is Next Purchase Order Number set up?

  A. Manage Common Options for Payables
  B. Configure Procurement Business Function
  C. Define a sequence for auto numbering and assign it back in Configure BU numbering setup
  D. Configure Requisitioning Business Function
  D. Configure Requisitioning Business Function

• Question 106:

  What is the earliest point that funds can be reserved for requisitions, during implementation and funds reservation for Budgetary Control?

  A. Funds can be reserved upon approval of the requisition.
  B. Funds can be reserved upon approval of the purchase order.
  C. Funds can be reserved upon creation of the purchase order.
  D. Funds can be reserved upon submission of the requisition.
  D. Funds can be reserved upon submission of the requisition.

• Question 107:

  Identify two control option that are enabled when a buyer selects the `Group requisition lines' field while creating a Blanket Purchase Agreement. (Choose two.)

  A. Group requisitions
  B. Apply price updates to existing orders
  C. Use need-by date
  D. Automatically submit for approval
  E. Use ship-to organization and location
  A. Group requisitions
  E. Use ship-to organization and location

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  Explanation/Reference:

  If you want to group requisition lines across different requisitions into the same purchase order, enable the Group requisitions flag.

  In order to group requisition lines into the same purchase order line, enable the Group requisition lines flag. Theneed-by date and ship-to organization and location can optionally be used to group requisition lines.

  References:

  Oracle Procurement Cloud Using Procurement (Release 9), page 163

• Question 108:

  What two setups are required to implement and enable abstracts with negotiations? (Choose two.)

  A. Create the abstract controls for the negotiation.
  B. Create a negotiation style that supports abstracts.
  C. Enable the suppliers to view the Abstract Listing page.
  D. Create the negotiation controls to support abstracts.
  E. Create the configure negotiation Abstract Listing page.
  B. Create a negotiation style that supports abstracts.
  E. Create the configure negotiation Abstract Listing page.

• Question 109:

  During Oracle Procurement Cloud implementation, all users have been assigned the seeded Employee role. This role inherits HCM-related links such as Benefits and Career. However, the customer does not want these links to appear in the

  navigator for the employees. You have, therefore, been asked to hide these links so that users do not see them in the navigator when they log in.

  Which configuration will you implement so that these links are not visible in the navigator?

  A. Define user in Identity Manager
  B. Select menus in Procurement Business options
  C. Select menus in Requisitioning business options
  D. Modify roles in Authorization Policy Manager
  E. Manage Menu Customizations' in Functional Setup Manager
  D. Modify roles in Authorization Policy Manager

• Question 110:

  During Oracle Procurement Cloud implementation, one of the requirements of the customer is to capture the revision history of Purchase Orders when `notes to receiver' is entered or updated as part of a Change Order. Identify the setup that needs to be performed in order to capture change history when a user updates `notes to receiver' as part of the Change Order.

  A. Update the attribute `notes to receiver' in Configure Requisitioning Business Function' for the requisitioning Business Unit.
  B. Update the attribute `notes to receiver' in Common Payables and Procurement Options' for the procurement Business Unit.
  C. Update the attribute `notes to receiver' in the Change Order template for the Purchase Order.
  D. Update the attribute `notes to receiver' in supplier site assignment for the supplier site.
  C. Update the attribute `notes to receiver' in the Change Order template for the Purchase Order.